(NNPA)—Although the former Corinthian Colleges, once one of the nation’s largest for-profit colleges, closed its doors last year, many of the problems incurred by its former students persist. The now-defunct college is the only questionable actor among for-profit colleges.
To date, investigations, and lawsuits have focused on a growing list of other for-profit schools and colleges including but not limited to Computer Systems Institutes, DeVry University, ITT Tech, Marinello Schools of Beauty and Trump University.
With tuition costs higher than many public colleges and universities, many for-profit college students are financially forced to take on private student loan debt at interest rates that exceed those of federal student loans. Others are advised to add related charges to credit card accounts.
One of the worst financial abuses perpetrated are against the men and women who sought to successfully transition from military to civilian life. Many veterans enrolled and even graduated from for-profit institutions, like Corinthian, but now find there are three strikes against them: the promised better careers and high earnings never materialized, and thirdly, educational benefits that underwrote a portion of the so-called educational cost have now been suspended.